Riyadh - Mubasher: Saudi Public Transport Company (SAPTCO) announced on Tuesday that its subsidiary Public Transport Company has acquired a SAR 59 million murabaha finance for six months from the Arab National Bank. The murabaha loan deal will …

Riyadh – Mubasher: Saudi Arabia announced that its imports decline by 3.2% or SAR 1.12 billion in June 2018 when compared to the same month a year ago, according to the latest data by the Saudi General Authority for Statistics (GaStat). Imports …

Riyadh – Mubasher: Jabal Omar Development Company on Tuesday announced that it has extended a non-binding memorandum of understanding (MoU) with Saudi Ground Services Company (SGS) for one more year until 22 February 2019. The MoU aims at …

Riyadh – Mubasher: Development Works Food Co (DWF) achieved a growth of 2.4% in profits during the second quarter of 2018 compared to the same period last year. DWF’s earnings increased to SAR 2.69 million from SAR 2.63 million in the same quarter …

Riyadh – Mubasher: Musharaka REIT Fund on Tuesday announced that it will pay a 3.5% cash dividends for the six-month period ended 17 August, with a total amount of SAR 30.8 million. The fund will pay a dividend of SAR 0.35 per unit, according to …

Riyadh – Mubasher: A private transaction was executed on the National Petrochemical Company’s (Petrochem) stock at a value of SAR 2.93 million on Monday on the Saudi Stock Exchange (Tadawul). The deal saw trading of 104,500 shares at a value of …

Riyadh – Mubasher: State-run Saudi Aramco has signed an agreement with ACWA Power and US-based Air Products to implement an $8 billion gasification and power joint venture in Saudi Arabia. Set to be located in the oil-rich kingdom’s Jazan Economic …

By: Mahmoud Gamal Dubai – Mubasher: The diplomatic spat between Turkey and the US has stolen the limelight from the disclosures in the UAE markets. This tension began when Turkey refused to release an American evangelical pastor accused of being …

Riyadh – Mubasher: Saudi Arabia will begin establishing a car manufacturing city in the coming period, along with providing a slew of advantages and incentives for investors, the Ministry of Energy, Industry and Mineral Resources said. The …